Delta Apparel's quarterly sales rise 19%

MikeMaynard

WASHINGTON (MarketWatch) -- Delta Apparel Inc.
DLA, -0.98%
reported net income of nearly $2.8 million, or 31 cents a share, for the third quarter ended April 1, down from $5.4 million, or 64 cents, earned in the same period during fiscal 2005. The Duluth, Ga.-based company recorded a gain on the sale of a South Carolina yarn facility in the year-earlier quarter. Operating income reached $5.3 million from $4.4 million, while quarterly sales rose to $69.4 million from the prior year's $58.3 million. The one analyst polled by Thomson First Call who follows Delta Apparel had been looking for a quarterly profit of 31 cents a share on sales of $66 million. The company also adjusted its full-year sales target to a range of $268 million to $275 million, as opposed to the range of $265 million to $275 million it announced in February. Shares of Delta Apparel added 20 cents, or 1.2%, to end Thursday's trading at $17.50.

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